The Estate Administration process involves many different issues. A New York Estate Lawyer typically represents a fiduciary, such as an Executor or Administrator, who is responsible for handling these matters. The collection of the decedent’s assets is always a primary function to be carried out. Some assets are easy to obtain such as bank accounts and brokerage accounts that are in the name of the decedent. However, many situations arise where the determination and collection of estate assets is extremely difficult and complex.
One area that consistently presents challenges concerns the ownership rights to real estate. Unfortunately, the names on deeds and title issues regarding prior deed transfers can present immense problems for a fiduciary. This is compounded by the fact that real estate interests tends to have large values. Therefore, parties with interests adverse to the estate have a tremendous incentive to interfere with or dispute estate ownership rights. Continue reading